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Friday, February 26, 2021
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Klarna launches bank account in Germany

The buy now, pay later giant Klarna is poaching into banking with launching its first current account.

UK Government voted down BNPL regulation bill

70 MPs have decided to vote down a bill which was supposed to regulate buy now, pay later companies like Klarna, Laybuy and Clearpay.

Danish bank Lunar takes on Klarna with BNPL product

The Danish challenger bank Lunar has finally launched its 'Pay Later' feature, taking on Swedish BNPL market leader Klarna.

PayPal enters UK’s market with Klarna like product

PayPal launches a new buy now, pay later product in the UK allowing users to pay in three instalments over a short period.

Klarna becomes Europe’s most valuable fintech hitting over $10 billion valuation

Swedish BNPL provider Klarna has raised $650 million in funding led by Silver Lake with the valuation of the company hitting $10.65 billion.

Klarna is looking to raise $500 million and double valuation to $10bn

The Swedish fintech unicorn Klarna asked investors for a new round of funding. This one would set the company's value to $10 billion.

PayPal enters the installment market with a new BNPL product

PayPal is launching its ‘Pay in 4’ platform in the United States to compete with Klarna and other 'buy now, pay later' based businesses.

Swedish unicorn Klarna reports increase in net losses

The buy now, pay later market leader released its report for the first half of 2020. Although Klarna experienced growth in some sectors, the net loss is $59.8 million.

Klarna thrives under lockdown

The 'buy now pay later' Swedish fintech has recently seen the biggest transaction traffic from generation X.

Klarna rival ‘Curve credit’ plans to attract 300,000 UK customers

The 'all cards in one' fintech Curve has been testing its new lending option with just a small number of customers at the moment. The full launch is expected later this year.
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Starling Bank aims to hold 18% of the SME market

The digital bank Starling announced a plan in which it is going to hold 18% of the SME banking market in five years, Insider reported.

TransferWise gets rebranded as ‘Wise’

The rebranded company Wise drops the part Transfer as a signal of moving on from the money-transfer focus of the company.

Revolut about to increase fees and cut number of free trades

Revolut introduced additional fees on its free plan and trading on the Revolut platform will also become more expensive.

Exclusive: An interview with Michael Schweikart, a co-founder of the sustainable banking provider Tomorrow

Tomorrow is a social business FinTech company and a neobank, that was started in 2018 by founders Inas Nureldin, Jakob Berndt, and Michael Schweikart with a vision to use money as a lever for positive change. Since its launch in 2018, the company has 50+ employees and 55,000+ customers.